News
In its first-quarter earnings report released on Thursday, Coinbase revealed revenue that surpassed expectations, registering a net income of $1.18 billion. Link
On May 3rd, approximately 23,000 Bitcoin options are set to expire, featuring a Put Call Ratio of 0.49, a Maxpain point at $61,000 and a notional value of $1.4 billion. Additionally, 330,000 Ethereum options are also due to expire, with a Put Call Ratio of 0.36, a Maxpain point at $3,000 and a notional value of $1 billion. LinkAs of May 3rd, the combined trading volume of six Hong Kong-based spot ETFs for virtual assets totaled HK$48.91 million, roughly US$6.26 million. Of this, the Bitcoin ETF accounted for HK$43.41 million, while the Ethereum ETF recorded a trading volume of HK$5.5 million. In comparison, on May 2, the trading volume for 11 U.S. Bitcoin spot ETFs reached $1.72 billion. Link
Jack Dorsey’s payments firm, Block, has expanded its Bitcoin reserves. Starting from April, the company has committed to allocating 10% of its gross profits from its monthly Bitcoin-related business towards purchasing additional Bitcoin. This strategy is planned to continue every month throughout 2024. Link
On Thursday, spot bitcoin exchange-traded funds in the U.S. saw a net outflow of $34.4 million. Link
Projects
ZKasino - According to the FIOD, on April 29th, a 26-year-old man was arrested on suspicion of fraud, embezzlement and money laundering. Assets exceeding 11.4 million euros were confiscated in connection with the case. The involved platform is ZKasino, a cryptocurrency betting platform. Prior to the removal of the statement "Ethereum will be returned and can be bridged back" from its Bridge feature on April 18th, users had deposited 10,500 ETH on ZKasino, valued at approximately 32 million dollars. Link
Logos - Today, Logos inscribed its manifesto on the largest-ever Bitcoin block, which was over 3.969 MB in size. This event precedes the launch of an Ordinals collection. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
In its first-quarter earnings report released on Thursday, Coinbase revealed revenue that surpassed expectations, registering a net income of $1.18 billion. Link
On May 3rd, approximately 23,000 Bitcoin options are set to expire, featuring a Put Call Ratio of 0.49, a Maxpain point at $61,000 and a notional value of $1.4 billion. Additionally, 330,000 Ethereum options are also due to expire, with a Put Call Ratio of 0.36, a Maxpain point at $3,000 and a notional value of $1 billion. LinkAs of May 3rd, the combined trading volume of six Hong Kong-based spot ETFs for virtual assets totaled HK$48.91 million, roughly US$6.26 million. Of this, the Bitcoin ETF accounted for HK$43.41 million, while the Ethereum ETF recorded a trading volume of HK$5.5 million. In comparison, on May 2, the trading volume for 11 U.S. Bitcoin spot ETFs reached $1.72 billion. Link
Jack Dorsey’s payments firm, Block, has expanded its Bitcoin reserves. Starting from April, the company has committed to allocating 10% of its gross profits from its monthly Bitcoin-related business towards purchasing additional Bitcoin. This strategy is planned to continue every month throughout 2024. Link
On Thursday, spot bitcoin exchange-traded funds in the U.S. saw a net outflow of $34.4 million. Link
Projects
ZKasino - According to the FIOD, on April 29th, a 26-year-old man was arrested on suspicion of fraud, embezzlement and money laundering. Assets exceeding 11.4 million euros were confiscated in connection with the case. The involved platform is ZKasino, a cryptocurrency betting platform. Prior to the removal of the statement "Ethereum will be returned and can be bridged back" from its Bridge feature on April 18th, users had deposited 10,500 ETH on ZKasino, valued at approximately 32 million dollars. Link
Logos - Today, Logos inscribed its manifesto on the largest-ever Bitcoin block, which was over 3.969 MB in size. This event precedes the launch of an Ordinals collection. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
In its first-quarter earnings report released on Thursday, Coinbase revealed revenue that surpassed expectations, registering a net income of $1.18 billion. Link
On May 3rd, approximately 23,000 Bitcoin options are set to expire, featuring a Put Call Ratio of 0.49, a Maxpain point at $61,000 and a notional value of $1.4 billion. Additionally, 330,000 Ethereum options are also due to expire, with a Put Call Ratio of 0.36, a Maxpain point at $3,000 and a notional value of $1 billion. LinkAs of May 3rd, the combined trading volume of six Hong Kong-based spot ETFs for virtual assets totaled HK$48.91 million, roughly US$6.26 million. Of this, the Bitcoin ETF accounted for HK$43.41 million, while the Ethereum ETF recorded a trading volume of HK$5.5 million. In comparison, on May 2, the trading volume for 11 U.S. Bitcoin spot ETFs reached $1.72 billion. Link
Jack Dorsey’s payments firm, Block, has expanded its Bitcoin reserves. Starting from April, the company has committed to allocating 10% of its gross profits from its monthly Bitcoin-related business towards purchasing additional Bitcoin. This strategy is planned to continue every month throughout 2024. Link
On Thursday, spot bitcoin exchange-traded funds in the U.S. saw a net outflow of $34.4 million. Link
Projects
ZKasino - According to the FIOD, on April 29th, a 26-year-old man was arrested on suspicion of fraud, embezzlement and money laundering. Assets exceeding 11.4 million euros were confiscated in connection with the case. The involved platform is ZKasino, a cryptocurrency betting platform. Prior to the removal of the statement "Ethereum will be returned and can be bridged back" from its Bridge feature on April 18th, users had deposited 10,500 ETH on ZKasino, valued at approximately 32 million dollars. Link
Logos - Today, Logos inscribed its manifesto on the largest-ever Bitcoin block, which was over 3.969 MB in size. This event precedes the launch of an Ordinals collection. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
